CENTENNIAL, CO--(Marketwire - September 20, 2010) - Early production stage hydrogen generation company AlumiFuel Power, Inc. ("API"), the Philadelphia, Pennsylvania-based wholly-owned operating subsidiary of AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that its CEO was recently featured in a CEO panel discussion sponsored by the Philadelphia area chapter of the Association for Corporate Growth (ACG).

ACG is a global organization for middle market business leaders and dealmakers focused on corporate growth strategies and Mergers & Acquisition activities. The September 16 panel presentation was dedicated to "hot industry" sectors poised for growth. Mr. David Cade, API's President and CEO, represented the Alternative Energy sector, while two other company CEOs covered the Health Care industry and the Logistics/Transportation sector. The panel members addressed growth drivers in their respective industries, including organic growth, legislative/regulatory changes, and mergers & acquisitions.

In his presentation to this large audience, Mr. Cade discussed the various components of the Alternative Energy sector -- ranging from solar power and wind power to nuclear power. Of particular interest to the audience were the significant emerging growth opportunities involving Natural Gas and Hydrogen fuels for vehicular applications and distributed/portable power applications, reducing the dependence on foreign oil. Mr. Cade also detailed the many Alternative Energy opportunities in Europe now being pursued by AlumiFuel Power International, Inc.

About AlumiFuel Power, Inc.API (www.alumifuelpowerinc.com) is an early production stage alternative energy company that generates hydrogen gas and superheated steam through the chemical reaction of aluminum, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. API's hydrogen feeds fuel cells for portable and back-up power, fills inflatable devices such as weather balloons, and can replace costly, hard-to-handle and high pressure K-Cylinders. Its hydrogen/heat output is also being designed and developed to drive turbine-based underwater propulsion systems and auxiliary power systems. API has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products. For more news and information on API, please visit www.irgnews.com/coi/AFPW.

About AlumiFuel Power International, Inc.AlumiFuel International holds a license agreement with the Company and API to market API's hydrogen generation products globally to countries outside of North America. AlumiFuel Power International is operated by the same management team as API, and trades in the Open Market segment of The Deutsche Börse-Frankfurt Stock Exchange under the symbol ("9AP").

About AlumiFuel Power CorporationAlumiFuel Power Corporation operates through its wholly owned subsidiary, AlumiFuel Power, Inc., a Philadelphia-based early production stage alternative energy company that generates hydrogen gas and steam for multiple niche applications requiring on-site, on-demand fuel sources. The Company also operates through its majority owned subsidiary, AlumiFuel Power International, Inc., to market its products globally outside of North America.

Safe Harbor for Forward-looking StatementsThis news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.